Private Equity

VC Fund Investments

Quick commerce co. FirstClub raises $8-M from Accel, RTP Global, others

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Bengaluru-headquartered FirstClub, a venture founded by former Flipkart executive Ayyappan R, has raised USD 8 million in seed funding from Accel India and RTP Global. The funding round also witnessed participation from Blume Founders Fund, Quiet Capital, 2am VC, and angel investors including Binny Bansal (Flipkart), Kunal Shah (CRED), Mukesh Bansal (Myntra, Cult), Lalit Keshre (Groww), Ankit Nagori (Eatfit), and Shrenik Ghodawat (Sanjay Ghodawat Group).FirstClub is an omnichannel retailer that looks to offer fresh fruits and vegetables, dairy, bakery, nutrition supplements, and health and fitness. Through its platform, expected to go live by the middle of the calendar year 2025, FirstClub will offer products within quick commerce delivery timelines of under 30 minutes.It initially plans to set up a few dark stores in Bengaluru and then later plans to expand with experience centres. It will also build its technology infrastructure, refine an omnichannel retail strategy, add talent for critical functions, and expand the platform’s product offerings.